Services

Privilege Pay

Peace of mind for your Nutmeg checking account!

Nutmeg is proud to offer our Privilege Pay service on all qualified checking accounts. This valuable privilege will save you the expense and embarrassment of checks being returned in the event of a checkbook error. We'll honor your checks, helping you avoid service fees or late payment charges. Privilege Pay allows you the worry-free financial flexibility of knowing that your checks will be paid in the event of an unexpected expense. This service will be extended to both checks and pre-authorized electronic debits from your checking account. A service fee of $35 per item will eliminate the expense of fees charged by merchants for Non-Sufficient Funds (NSF) checks. If your checking account qualifies, you are automatically enrolled.

We are also extending this same service to ATM withdrawals and debit card purchases; however to ensure your transactions are covered in the event that your account is overdrawn, you MUST opt-in. This is very important because if you do not opt-in for ATM withdrawals and debit card purchases, your transaction will not be covered if your account becomes overdrawn. The service fee of $35 also applies to these transactions.

For more information or to opt-in, please see below.

Privilege Pay Opt-in Q&A

What is Privilege Pay Opt-In? Federal Regulations recently changed, which means we are required to get your permission to consider paying overdrafts on your everyday debit transactions.

Why should I opt-in?Your everyday debit card transactions may be paid – even if you don’t have enough money in your checking account. We’ll pay the transaction for you and you’ll incur an overdraft fee of $35. We’ll save you the inconvenience or embarrassment of having a transaction denied in the event there is not enough money in your checking account to cover your transaction. Best of all, there is no fee to keep the Privilege Pay on your account and no fee if you never use it.

Please note: We pay overdrafts at our discretion, which means we do not guarantee that we will always authorize and pay any type of transaction. If we do not authorize and pay an overdraft, your transaction will be declined.

What happens if I don't opt-in?If you do not opt-in, we won't be able to provide Privilege Pay coverage for your everyday debit card transactions. This could cause your account to reach a negative balance. If there are insufficient funds in your account, the debit card transaction will be declined.

OPT-IN TODAY!Opting-in is easy. Call us at 860.513.5000 or 1.800.526.6933.

ABOUT NUTMEG STATE FINANCIAL CREDIT UNION

To those who understand the advantages credit unions offer over other financial institutions, the choice is obvious. Nutmeg State Financial Credit Union (NSFCU) is a member owned, not-for-profit, financial cooperative. As such, we practice the philosophy of returning profits to members (where profits belong). These profits come to you in the form of excellent rates, programs and services. Founded in 1936, NSFCU has grown to be one of the largest credit unions in the country. Growth has been steady, but NSFCU has never deviated from its original premise: to offer the finest rates and services while maintaining financial stability. Those principles have served us well over the years.

Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States Government.